Accounting Awareness for Financial and Non-Financial

Program Goals

Enriching and developing the trainee’s experiences and refining his skills with the foundations and methods of using accounting tools

At the end of the program, participants will be able to:

1. Identify the objectives of accounting and its basic elements, the most important of which is the documentation of financial activities and operations,
2. Prove the rights of the transacting parties, measuring the institution’s activity and assisting in decision-making
3. Prepare accounts that reflect the activity of the institution and identifying the main accounts and sub-accounting them to the appropriate sub-accounts
4. Learn how to configure the double entry and the entry, receipt and exchange documents.
5. Possess of the basic skill of accounting skills
6. Prepare detailed statements of all main and subsidiary accounts with the trial balance.
7. The method of preparing the most important accounting statements, which is the income statement, which reveals gross profit and net profit
8. Get acquainted with the income statement and the statement of financial position and their contents.

Evaluation Strategy

1. Practical applications (individual, bilateral, group activities)
2. Conversation and discussion.
3. Brainstorming (brainstorming)
4. cooperative learning

Course Details

Introduction to financial accounting

Pre Assessment

1. Introduction to financial accounting.
2.  Objectives of financial accounting.
3.  Familiarize yourself with the accounting terminology used
4.  branches of financial accounting.
5.  Users and beneficiaries of accounting information.
6.  accounting principles

Post Evaluation

1. Acquaintance with accounting concepts and foundations according to international standards
2. Recognize the importance of financial accounting and its requirements.

Introduction to financial accounting

1.  Accounting assumptions according to GAAP standards
2. Learn about financial transactions.
3. Steps to analyze a financial transaction.
4. The concept of financial accounting in practice.
5. Types of financial operations and the difference between them.
6. Cash basis and accrual basis.
7. Stages of the accounting cycle
8. Classification of accounts and their branches.

Accounting books

Pre Assessment

1. diary and its importance
2. Accounting documents with practical examples.
3. Daily restrictions and identify the debit and credit parties.
4. Forms and types of daily restrictions
5. Practical example.
6. Types of financial accounts according to accounting standards.
7. Ledger, deportation and balance of financial operations.
8. Errors in the ledger.
9. Worksheet .

Financial Statements

1. Trial balance and how to prepare it
2. What are the errors of the trial balance and what are the errors that do not appear in the trial balance.
3. Types of trial balance with a practical example.
4. Inventory adjustments, types, nature, importance and the difference between them.
5. Locks restrictions and their concept with a practical example.
6. Preparing the income statement and its components with a practical example.
7. Preparing the statement of financial position and its components with a practical example.
8. Identify the cash flow statement and its contents.